The central bankers’ nightmare scenario: inflation and a banking crisis, at the same time

UK inflation didn’t just come in higher than expected in February, it rose to a higher level than in January, continuing an uptrend trend seen…

Everything to play (or fight?) for

As the old adage goes, “Where there is crisis, lies opportunity.” Well, as crises go, few can top a world war. Although the causes of…

How many trillion must unrealised losses be before they matter?

Yesterday’s analysis of the banking crisis we face was disappointingly vague. But at least we got much of the theory out of the way. Today,…